over $2 billion all sport started with one shore the dhanan, i group, is one of the largest businessman that nobody has heard of in the united states. you obviously employ tens of thousands of people. how are your restaurants doing right now and what is the situation with layoffs >> well, our restaurants are doing okay under the circumstances and we have shut down all of the dining rooms and doing delivery and carry out and we are doing everything we can keeping the restaurants open to serve the american public in this time of need and went through drive-through and carry out. >> how much are your sales down right now and you're geographically across part of the country and the large part of houston and texas and in

boston and other parts where are your sales right now, sir? >> our sales, sales are down 30% and then also at popeye's, our sales are still posting comp sales positive like 20% and comparatively to two weeks ago we were 40% positive and now we are down 20% with free deliveries and popeyes what are you expecting to happen, sir? not medically, and we've seen the curves and we know the rest is yet to come and you're looking out economically what are you projecting? what are you going to do what are you going to talk about? what we are seeing and what we are projecting, obviously, things are going to stay the way

they are and i think we will see things get worse and even under these circumstances we are keeping all of our employees on payroll. we haven't had any layoffs we haven't done any layoffs and we want to keep everybody employed as much as possible and obviously, we are fortunate where we have a strong balance sheet. i think we're going to get through this, but unfortunately, it may hurt a lot of other small businesses that don't have all of the resources >> yeah. you're in houston and listen, you're in an area, fast food, shoukat, where you're able to have drive-through and quick pick up. your model is you can eat in, but that's really not the point. a lot of restaurants across the country, that's not their model. they dine in and the servers get their tips and they don't have the capability what's going to happen with them what should they be doing right

now? >> well, most of these dine-in restaurants are doing carry out and delivery, but yet what i'm hearing their sales are down anywhere from 60% to 70% and they're laying off all of the wait staff and some of the other staff because obviously they can't employ and keep them on payroll and they're pretty much in the worst position than we are. >> and those are the folks that are going to be hit particularly hard, as well. shoukat dhanoi ani, thank you for being with us. >> good to be with you. what about this incredibly exhausting week on wall street stay with us

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♪ ♪ ♪ welcome back to cnbc's continued coverage of the markets in turmoil if you are just joining us, let's get you up to speed on what is happening with the coronavirus outbreak unfortunately, another grim

milestone. global deaths have topped 11,000 and hard-hit italy now accounting for 4,000 of that total. simply incredible as lawmakers here scramble to come up with an aid and stimulus package to deal with the economic blow that is coming this as the leaders of three state, california, new york and illinois have effectively put people in a lockdown period in their states as the virus spreads. all right. all that may lead to this. you have no doubt heard the term cash is king apparently, most investors agree right now. data tracking firm epfr has more stunning data on what investors are doing with their money right now. they're selling, in short, they're dufrming stocks and bonds and plowing into cash. that orange line, that's cash. this week, 20.5 billion left stock funds and that's the blue. a whopping 7.5 went into bonds,

that's the green bonds exceeding 90 billion inflow, the orange line, for the second straight week truly incredible. >> usually around this time on fridays we're turning into options action and we will remain in breaking news coverage for the time being and we'll take a moment to check in on the very powerful and important options market just like cash there was also a lot of moving around in the commodities markets this week. gold swinging all over the place and ending the week just about 2% down after a small pop today and one trader thinks that there is a $6 million in bouillon that is about to soar it is a big bet. let's find out more about it and bring in optimized investors' president, mike ko, mike >> hi, brian as you were pointing out we've seen a lot of liquidation bonds and stocks and actually gold so people have traditionally thought of gold as being a safe haven, but actually it hasn't turned out to be if cash is king people were selling pretty much

everything they could, and that included gold. however, we did see mid-week this week that interim short spike in longer rates and we saw a bullish bet being placed and somebody bought 10,000 of the june 1800, 1900 call spreads now those are on the gold futures. each future represents a hundred ounces so 10,000 spreads is a spread on 1 million ounces of gold to make that bullish bet ultimately if it's rallied up and through that 1900 higher strike call and that would be worth $100 million, the difference between those two strikes in gold and i think the reason they're using these call spreads right now is because just like in equities and just like in bonds we've seen a really sharp spike in implied volatility and that's the price of options and they're trying to

mitigate some of the expense of trying to make derivative bets and directional bets and using outright calls because typically, options on gold are not that expensive, but they are quite expensive now. >> that is a big-time bet in incredible times and mike khouw, mike thank you very much, and getting back to normal at some point coming up, how one huge consumer business is adapting and the ceo of elf cosmetics and california shutting down a $3 trillion economy. what happens to the agricuurlte capital and food chain we'll hit that with jane wells next outback delivery is here. so now, you can enjoy great steaks here... big game platters here... and date night essentials here.

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we're helping all kinds of businesses go beyond customer expectations. how can we help you? >> welcome back. the coronavirus pandemic is putting the future of much of retail in question as many are forced forced to shutter their doors and talk about quarantine and let's talk to one feeling the impact e.l.f. ceo joining us, tarang, joining us by phone. you guys don't have stores and i think you did, and you closed them long before this. so you sell to the consumer. what are you seeing from the consumer right now and more

importantly, what are you hearing on the supply chain side thank you. i'll start with the supply chain and most of our operations are in china and we were one of the first and i'm proud of the team and we were one to come back to normal operations and since chinese new year we shipped 32 containers which is normal every one of our employees and their families are healthy and same with the suppliers and with the coordination that weave done there we are in very good supply shape. in terms of the consumer, i would say, you know, e.l.f. is a brand that before the coronavirus was exhibiting really strong growth, up double digits versus a category that was soft and i'd say, you know, what i would fully expect as we go through this there will be a consumer demand hit and with everyone's lives up ended and short term we definitely will

see an impact as will most consumer categories. the key, though, is what happens in the long term and in that respect, i think, we're well positioned as the brand that makes high-quality cosmetics and skincare at these unbelievable prices i think we are pretty well positioned relative to other companies. >> so you guys got a big load already before you kind of saw this coming at the beginning what are you hearing, though now. i look at things like traffic flow data from china and it appears that monday through friday, china's kind of back to normal in many ways. are you sort of getting that sense and the reason i ask that is that we're trying to figure out, i think all of us, where we might be in a month. >> yeah. so first of all, in china, two important things in terms of what we did, we put in place right away, some hygiene protocols the level of

coordination with suppliers having worked there in 14 years was quite high and we were one of the first ones to come out of this where we've been in full production now for four weeks and we've been sending containers for over six weeks and our operations are pretty much back to normal and everyone's back to the office and our suppliers are fully running and so that's the good news i think i took many of the same tactics and applied them to the u.s. and the right communication and we sent our employees, disinfecting wipes and masks and we gave the employees an extra $1,000 for the incidentals they'll face and working from home and trying to lessen the curve as everyone's been talking. i think china probably took a more aggressive stance overall as a country, and so you know, we're bracing for hey, this is probably going to take longer than a month for all of this to be back in terms of how fast they were able to get back and

it will probably take us a bit longer and we're prepared for that >> tarang amin of e.l.f. cosmetics and we appreciate you joining us thank you very much. >> thank you very much after the break, america's bred bask bread basket shutting down how the supply chain may not realize. california, you think of facebook, it's actually america's biggest odrocefo pdur and jane wells joins us with that next. there has never been a better time

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from here, people. california contributes 15% to gdp and of course, that's going to come down now with most of the 40 million residents here forced to stay home unless your work is essential like you're a police officer, a grocery store or farming and farming is considered essential the american farm bureau federation had a conference call saying the big issue is they're concerned enough farmworkers allowed in from mexico because now with the border closure and the suspension of new worker visas, they're afraid that may not happen >> bottom line is guys, we have to fix this problem. if we don't we'll face another shock several months down the road it's real, and it's personal and it's having a major impact on american agriculture

>> now, meantime, with the restaurant industry drying up, cattle futures have taken a dive they're at ten-year lows both for live and feeder cattle veteran wyoming granger jim crosby, he says the average rancher is losing $200 to $300 a head and he said the futures are no longer useful in predicting price that the only people on the long side right now are speculators or hedge funds and even though futures popped a bit today, brian, he is saying that for the cftc and this is uncharted territory and he says they're trying to work on some sort of solution back to you. >> jane, i don't want to leave just yet because i had a twitter viewer a regular viewer of cnbc sent me some video that he apparently took of lines literally outside of a costco. we're showing the video now. >> i think it's a costco with shopping carts for what appears to be a mile in cypress which is a part of los angeles.

are you personally seeing this kind of behavior from shoppers >> yes i've been in such a line and i've been out to do shopping for the week and trader joe's had a line outside and part of the reason is they're allowing so many people in together, they're limiting what you can buy, and outside they're violating that personal space and then i had one shot of a vons which is an albertson's store, the pasta rack completely employ tee, but slowly these stores are starting to stock up more they're all out of toilet paper and all out of bottled water and only one package per customer. i didn't even bother going to costco, brian, because i can't even face costco on a regular day, so -- >> jane, you're the only -- just you and i talking here and i'll

say something that i'll probably get in trouble thing and the whole toilet paper hoarding thing, i don't get, if things go really south and you've got to shower i'm just saying if things really were -- you know what i mean >> well, the thing is how much do you need? and the bottled water -- >> people are fighting over toilet paper >> the coronavirus -- i know the coronavirus isn't going to force them to turn off the water as far as we know, but -- by the way, they're making plenty of toilet paper at the procter & gamble plant in oxnard where they're working extra shifts supply is not a problem, but there are these hiccups as everyone goes up and hoards and they're rationing toilet paper purchases. >> i just had to say it and i know you would appreciate it, jane >> one farmer recommended -- one farmer recommended corn cobs, old fashioned. >> old school. >> jane, thank you very much

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>> welcome back. let's bring in ubs america's chief investment officer mike ryan i know you guys have laid out a couple of different scenarios based on the pandemic and the markets. what is the -- we need some good news and we're trying to end every show with good news and what is the best case scenario that you guys have laid out for both >> first of all, thanks, brian in terms of the best case what you see is that the social distancing measures and these mobilization restrictions that they bear fruit and what you wind up seeing is that the infection curve that is the case curve begins to bend quicker and then we see something that looks more like what we've seen in china and what we've seen in korea in terms of the containment measures and what you begin to see is some of the distancing measures can get the economy moving ahead and you see recovery that would also require continued additional support by both the fed and also we'd need

to see the auxiliary support, rather, that's going to come in from a pretty massive fiscal stimulus program and the markets recover and earnings are able to stabilize and we see equity prices over the next six to 12 months higher. >> is the china data where it looks like monday through friday they're going back to work in 90, 95% does that give you optimism for us? >> it does, but we need to be careful here what you are seeing is the measures of activity in china and in terms of coal consumption and auto traffic and these things are all healthy and you are seeing that after the lockdown you're seeing normalization activity in china and we have to see it play out in europe or the united states and let's also remember what you saw in china was largely contained and it was within the city of wuhan and we're talking about now which is spread wider and there have to be containment

efforts and what you need to see is a massive stimulus fiscal package. >> we might get it senator toomey telling us it might come as early as monday. thank you. thanks for watching this week. we'll see you monday and hope you have a great, my mission is simple, to make you money i'm here to level the playing field for all invest ares. there's always homework in summer, and i promise to help you find it. "mad money" starts now hey, i'm cramer! welcome to "mad money. welcome to cramer america. i'm trying to save you money, not just educate but entertain and too much ya. call me or tweet me@jimcramer. we just went through the first week since 2008, dow plunging anothe